Iomega Corporation

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Wednesday, November 22, 2006

Gold Update

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The Main Resistance levels are cleared, the Volume has decreased yet right now. UtMost Many Fund Managers who trade with us, and Other Outsiders Fund Managers we converse with, they are considering it as Buy at Dip Opportunity.

However, this Dip was healthy, it happened Due to Crude Oil, and no another reasons, Before Crude Oil Inventory how was the Momenum ?? There was Nice Buying Interests, And Yes After the Crude Oil People start Quickly closing there Positions to book the Money, and then Buy Again in the Dip.. It shouldnt consider panicky situation.

Technically Gold is Bullish, Other Factors are helping it, However Crude Oil Inventories are little offshedding the prices, but we shall consider other remaining factors.

However, it looks Confirmed OPEC will go for 2nd CUT.

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